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Investing.com - Goldman Sachs raised its price target on BlackLine (NASDAQ:BL) to $48.00 from $45.00 while maintaining a Sell rating on the stock. The company, currently valued at $3.39 billion, trades at $54.43 with analyst targets ranging from $45 to $80. According to InvestingPro analysis, BlackLine shows strong financial health with a Piotroski Score of 8.
The price target adjustment follows BlackLine’s quarterly report that showed revenue and profitability modestly exceeding consensus expectations. The company’s performance was driven by broad-based pipeline improvement, larger deal sizes at both renewal and in new customer wins, and faster-than-expected adoption of its new pricing model. With a robust gross margin of 75.3% and revenue growth of 8.93%, BlackLine demonstrates solid operational efficiency.
Forward-looking growth indicators showed modest acceleration, with trailing twelve-month billings, annual recurring revenue (ARR), and current remaining performance obligation (cRPO) reaching 7%, 9%, and 9% respectively, compared to 7%, 8%, and 7% in the previous quarter. Goldman Sachs noted that a foreign exchange tailwind contributed approximately one percentage point to ARR growth.
BlackLine also announced a leadership change, with Therese Tucker transitioning from her role as Co-CEO to Founder effective October 1, 2025. Current Co-CEO Owen Ryan will assume the role of CEO at that time.
Despite acknowledging BlackLine’s strategic priorities as appropriate for long-term business growth, Goldman Sachs remains cautious, citing potential risks from a deteriorating software demand environment and increasing competition. For deeper insights into BlackLine’s valuation and growth prospects, including exclusive ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, BlackLine Inc. reported its earnings for the second quarter of 2025, surpassing revenue expectations with $172 million compared to the forecasted $170.9 million. While the earnings per share were not specified, the company raised its full-year revenue guidance, signaling strong future performance. The market reacted positively to this news. Additionally, there were no reports of any mergers or acquisitions involving BlackLine during this period. Analyst firms did not report any upgrades or downgrades for the company recently. These developments reflect the company’s current trajectory in the financial landscape.
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